TELUS won’t acquire Mobilicity after all

TELUS won't acquire Mobilicity after all

Less than a month ago we’ve told you about TELUS’ plans to acquire Mobilicity. Well, that ain’t gonna happen any time soon with TELUS exercising its option to terminate the original acquisition plan. Mobilicity will now pursue its previously announced recapitalization plan, which will be voted on by debtholders at a meeting on June 25,…

Canada: TELUS to acquire Mobilicity for $380 million

Canada: TELUS to acquire Mobilicity for $380 million

The “Mobilicity saga” is coming to an end with TELUS entering into an agreement with Mobilicity to acquire the company and its 250,000 customers for $380 million. This money will not only be used to pay Mobilicity’s owners but also to satisfy its secured and unsecured debt. Naturally, the agreement between the two operators is…

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